The development in these places is taking place in urban-centric ways to attract young buyers and renters yearning for a better lifestyle.
Premium home projects in Tier-II cities provide nicely spaced and efficient larger apartments.
The Tier-II cities tale resurged after a long period when interest in real estate investment was concentrated mainly in the larger cities. The rejuvenation is taking place as many of these cities are witnessing increased economic activity and infrastructure development, reducing outward migration to metros; this is a positive trend that will result in a more equally distributed real estate market, easing pressure on larger cities.
The development in these places is taking place in urban-centric ways to attract young buyers and renters yearning for a better lifestyle – a metro lifestyle. These resource-rich cities have remained virtually untouched for a long time as the country’s big developers flocked only to the metro cities. But, the pandemic has prompted real estate titans to rethink their plans and shift their focus away from metros.